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20130113
20130121
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is the political environment -- sorry. it can be hard to ignore, but were going to do it. another piece of the political environment, where we had the ability to fix the situation. we know to fix this. we needed a comprehensive dead deal that's big enough to stabilize the debt and we'll remember that. when you're trying to balance the budget. were not very. were not going to be there soon. you have to make sure that that's not faster than the economy and it's on a downward path and the problem is so big or too calm% year to look at every part of the budget. you have to look at defense spending. you have to clearly focused on health care costs, which go faster than the economy. we have to fix our social security system, which makes promises bigger than what we can pay out on the road. we have to raise revenues. we started down the path, but we haven't looked had to do about overhauling tax system, which would you want to raise revenue, you could do in could do in the way bad for the economy hallway discussion helps increase competitiveness and modernizes our tax system. so we know what t
are saying and then move on to the serious discussion of tax reform and environment issues. so i see it in a sense the opposite way. i say let's get this done, the sequestration part in the debt ceiling in the next six weeks and then move on. those who are saying let's do it dribble by turbo, they are the ones who would be undermining the effort to sit down and have a serious discussion of tax reform. >> we've got about two minutes left. francine. >> the question about itemize deductions. what s-sierra thought of having a cab, that people can use it for whatever they want for mark h., whatever. >> i think the problem with the cap is that it has to seriously consequence, especially for charitable contributions. because a substantial portion of the charitable contributions come from the very wealthy. ii think the figure may be something like well over half comes from people with income over a million. it may be more than not. so the problem with the cap is do it have anything significant consequences for charitable contributions and perhaps for state and local taxes. so i think a batte
business and bald in their interest and they share the responsibility for how to invest in environments and how to report those local governments that actually take large responsibility for mitigating risk with their is this an investment. >> thank you. we have time just for one more question. i've got about three hours of questions and frenemy. this next one combined three or four cards, a question that came from the audience and it comes under the title of damned if you do and damned if you don't. this is about rebuilding and reallocating. what happens to poor people who can't afford to keep their homes and craig you dealt with this and margareta also. also some of the vulnerable areas are also economic centered where factories and infrastructure and corporations in areas and that is part of what drives people to be there. there is also an industrial economic aspect to this. part of the challenge about helping are not helping is an ethical question as well as a legal question. i would like each of you to address that briefly if you could. >> here is how i have been framing it. i have
typical of the urban environment that you're going to go into -- let's go back to aurora. those covering communities around aurora, colorado that it is an important conversation because they're sore consensus around the country above refer to its gun legislation that complements other things. it was defined in republican areas a lot of support for afterschool. the further away you get in continuing the conversation i would say you dispel a breakdown of cultural barriers because there are differences, your ranch in montana. >> on came to my ranch to go fishing and i said to my ranch manager, who is an avid outdoorsman and quite apolitical, owns a lot of guns, but primarily a traditional bow hunter. i say trade when it's coming at us to the has chief of staff ms. brittany secret service detail within. said i've got to go make a spirit i said no, they are going to let their guns. the secret service came and spent a lot of time and came back on other occasions to go fishiness in the secret service had my ranch manager bonded over it. >> respect do not and i don't want to use your ranch incom
are very important to try to create this environment is most appropriate. that is what we are doing. there are potential risks and inflation was mentioned. we have obviously used an expansionary monetary policy and we have increased the amount of reserves that banks hold with the bad. there are some people that think that that will be inflationary. personally i don't see much evidence of that. inflation, as i mentioned, has been quite low. expectations remain anchored. private sector forecasters do not seek any inflation coming up, and in particular, we have, i believe, with all the tools that we need to undo our monetary policy stimulus and to take that away for inflation becomes a problem. so i do not believe that you can inflation is going to be a result of any of us. that being said i stability -- in terms of stability, it is well maintained. the other thing worth mentioning is financial ability. this is a difficult issue. the concern has been raised by keeping interest rates very low that the federal reserve induces people to take greater risks in their financial investments, a
Search Results 0 to 4 of about 5